All posts tagged: inflation

Even if Faces Change a Thousand times, there is No Change Possible in this Ruling System. Real Change Can Only Come Through Abolishing Democracy and Establishing Khilafah

The fruit of the poisonous plant of democracy is apparent. No matter how much water, sunshine and fertilizer is made available to this plant, it will only bear poisonous fruit, both now and in the future. The ‘corruption-free’ democracy project collapsed under its own weight in just three and a half years. It was under […]

Views on the News: 06/04/2022

Headlines: • Genocide in Ukraine? • ‘Israel’, UAE Finalise ‘Milestone’ Free Trade Deal • Turkish Inflation Genocide in Ukraine? Ukrainian authorities released photos and videos showing corpses lying on the streets of the town of Bucha near Kyiv after Russian forces left the area. Kyiv called what happened there a genocide and demanded that the […]

Q&A: The Turkish Lira Falls to its Lowest Level And its Implications on the Presidential Elections in 2023

Question: The Turkish lira plunged to its lowest level in a short period, losing more than 30% of its value in less than two months, and losing more than 45% of its value since the beginning of this year. The inflation doubled to about 21% and prices rose significantly. Note that it has been in […]

Istanbul Conference: “Islamic Solutions to Economic Problems”

Hizb ut Tahrir/ Wilayah Turkey organized a conference in Istanbul entitled, “Islamic Solutions to Economic Problems.” Ust. Abdullah İmamoğlu gave a speech entitled “Islam is the Only Source of Revival ” and after the brother’s speech a video recording was shown entitled, “The Source of Economic Problems and their Islamic Solution.” Musa Bayoğlu entitled, “The […]

The Source of the Crisis is the Kafir Capitalist System, not the Structure of the Authority or Management

Turkey’s agenda is shaken by the dramatic collapse of the Turkish lira against the US dollar. The US dollar, which was equivalent to about 6 Turkish liras at this time last year, has crossed the 13 Turkish liras range. The rise in the exchange rate naturally leads to a rise in the prices of all […]

A Khilafah Alone Can Ensure Economic Development, through Unification of the Abundant Resources of the Current Divided Muslim Nation States, including Pakistan

In November 2021, Pakistan and the International Monetary Fund (IMF) reached a staff level agreement for the next interest based loan tranche, upon fulfillment of IMF conditions. The IMF conditions include an increase of Rs. 350 billion in taxes through a mini-budget, an increase of Rs 4 per liter in the Petrol Development Levy (PDL) […]

Views on the News 24/11/2021

Headlines: • Déjà vu Sudan • Pakistan Turns to IMF Again • New Bill to Remove British Citizenship Déjà vu Sudan After being removed in a coup a month ago Abdalla Hamdok has reinstated by General Abdel Fattah al-Burhan after signing a political agreement. Twelve cabinet ministers submitted their resignation in protest against the political […]

The Khilafah Alone Will End Our Misery and Humiliation at the Hands of the American Economic Order

We are suffering immensely, as the economy obviously collapses, despite the reassurances of Pakistan’s rulers. The rupee is collapsing in value, whilst inflation is spiralling out of control. Fuel, electricity and gas prices are all increasing, as are taxation and unemployment. As if our economic misery were not enough, the rulers use the weak economy […]

The Khilafah Will Eradicate Rampant Inflation, By Abolishing Paper Fiat Money and Issuing Currency Based on Gold and Silver

By November 2021, the Rupee fell to 175 Rupees to a dollar, unleashing crushing inflation upon the citizens of Pakistan. Inflation is a permanent feature of the capitalist economy, irrespective of the re-opening of the economy after lockdown. Unlike Islamic gold and silver currency, fiat paper money loses its purchasing power, as governments print more […]

The Western Economic Order Ensures Dollar Hegemony

Nothing Less than the Sound Economic Policies of the Khilafah Will End Inflation The Muslims of Pakistan are crushed by waves of back-breaking inflation as the Rupee crumbles before the dollar. Household budgets for many are stretched to provide just two meals a day. Despite the hue and cry against inflation by the opposition, it […]

As Long as the Pakistani Rupee is Not Linked to Gold and Silver, It Will Continue to be Devalued, Drowning Us in Back-Breaking Inflation

The Pakistani rupee has been depreciating rapidly over the past month. On 10 July, 2021, one dollar was selling at Rs. 155.92, whilst on 5 August 2021, one dollar was selling at Rs. 163.41. Thus, in less than a month, the rupee has lost Rs 7.49, or 4.8 per cent, of its value against the […]